Tuesday, December 1, 2020

Regulation

Partisan dunks eclipse Section 230 in Senate hearing on social media giants

In a hearing before the Senate Commerce Committee on Friday, the CEOs of Facebook, Twitter and Google’s parent company, Alphabet, faced a veritable firing squad...

Visa’s foray into fintech provokes DoJ antitrust investigation

The U.S. Department of Justice, or DoJ, recently publicized an investigation into Visa's ongoing acquisition of fintech company Plaid.  "Today, the Department of Justice filed...

NYSE’s former regulation head takes crypto job at Andreessen Horowitz

A senior regulation executive at the world’s largest stock exchange is moving into the cryptocurrency industry.Anthony Albanese, a former chief regulatory officer at the...

Malaysian Securities Commission issues revised digital asset guidelines

The Securities Commission Malaysia has issued revised guidelines governing digital assets, effective as of Oct. 28. These are intended to regulate initial exchange offerings,...

BoE hasn’t ‘made any decision’ regarding a CBDC, says fintech director

At the 2nd Bund Summit held on Oct. 25, Bank of England fintech director Tom Mutton stated that while a central bank digital currency,...

Bill Hinman, who spearheaded the SEC’s early crypto policies, is leaving the commission

On Wednesday, the Securities and Exchange Commission (SEC) announced the departure of William Hinman by the end of this year. Hinman joined the commission in...

SEC-approved crypto IPO issuer INX acquires STO platform OpenFinance

According to an official announcement, INX has signed a term-sheet for the acquisition of OpenFinance, which operates as a registered broker-dealer in compliance with...

Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff

The Bahamas, an island nation in the West Indies, made digital currency history on Oct. 20 with the official launch of a new central...

Kenya’s central bank exploring CBDCs due to ‘mushrooming’ of private cryptos

The Central Bank of Kenya, or CBK, has reportedly started discussions with international central banks to explore the possibility of entering the central bank...

Tether’s general counsel doubles down on support for Peter McCormack

Stuart Hoegner, general counsel for Tether and cryptocurrency exchange Bitfinex, is pushing back against claims the stablecoin operator has abandoned podcaster Peter McCormack in...

China’s central bank lays regulatory foundation for CBDC

China’s central bank, the People’s Bank of China (PBOC), published a draft law this Friday that aims to provide regulatory framework and legitimacy for...

How US authorities are using old AML tools to crack down on crypto

The ease of laundering money in the U.S. before 1970 boggles the mind. Prior to the Bank Secrecy Act (BSA) of that year, there...